$JUP is hovering near a critical demand zone—buyers are trying to hold the line, but the trend is still begging for confirmation.
1- Trend Summary
Price remains below all major moving averages (7, 30, and 200), confirming the broader downtrend is intact. The recent bounce off the $3.241 low shows buyers defending the zone, but momentum is still recovering from oversold conditions.
2- Key Levels to Watch
Resistance is stacked above—first at the MA(7) of $3.602. A clean break above this level could open a move toward $3.819 (MA-30).
Support is currently being tested near $3.59. Losing this level puts the recent low at $3.241 back in play. A breakdown below that would confirm trend continuation to the downside.
3- Possible Scenario
RSI at 38.985 shows selling pressure is easing, and the MACD histogram is positive, suggesting momentum is slowly shifting. If price holds support and flips $3.602, we could see a grind toward $3.80. However, failure to hold current levels likely leads to a retest of the lows.
4- Risk Reminder
This is still a bear market bounce until key resistance is reclaimed. Invalid if price closes below $3.59 and certainly below $3.241. Tight risk management is key here.
Trade the structure, not the hope.
